CASH FOR CONSERVATION PLAN A PAYOFF FOR CITY, RATEPAYERS.Byline: Dana Bartholomew and Rick Orlov Staff Writers Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. cut a sweet deal Tuesday with its power users: Cash rebates for summer conservation while the city makes millions on the energy saved. The Los Angeles Department of Water approved a program called Efficiency LA: Cash for Conservation on Tuesday that will credit businesses and homeowners for saving energy while reducing the risk of blackouts throughout the state. Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. said the program was designed to help California, help Los Angeles consumers and earn the DWP DWP Department of Work and Pensions (UK) DWP Drinking Water Program DWP Dynamic Weapon Pricing (gamin, Counter-Strike: Source) DWP Department of Water & Power DWP Drinking Water Protection as much as $20 million toward its $1.3 billion debt. ``I see it as a win-win,'' Riordan said. ``Customers will get lower rates and we will be able to sell off our excess power to the state.'' The bottom line: Residential ratepayers who use 10 percent less juice between June 1 and Sept. 30 stand to save about $16 - at $4 per 50 kilowatt-hours saved. Businesses who use more power stand to save even more at $8 per 100 kwh saved during peak times during the week. The cash credits, for billing purposes, only apply to DWP customers at the same address since last summer. Los Angeles would profit from the sale of power at an expected rate of 4 cents per kwh. If Los Angeles cuts its usage 10 percent - or 500 million kwh - the city nets $20 million. Riordan said the DWP is selling its power at 15 percent above production costs. The conservation plan was promised by DWP General Manager S. David Freeman S. David Freeman (1926– ) is an American engineer, attorney, and author, born in Chattanooga, Tennessee, who has had many key roles in energy policy. He currently heads The Hydrogen Car Company and is a member of the Los Angeles Board of Harbor Commissioners. in March after the governor announced a similar summer conservation rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. for ratepayers of the state's three largest private utilities. Los Angeles residents have been insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. from the state's electricity crisis because the DWP held opted out of the 1996 statewide deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. plan. City officials say DWP customers can conserve between 10 percent and 20 percent by switching to energy-efficient light bulbs, reducing thermostats several degrees and turning off computers. |
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